Fund Network Account
RTGS.global facilitates the matching of Participants who are looking to transact in a currency with the relevant Funds Controller via the Platform. Funds Controllers can hold one or many currencies, depending on where they have active licences. You will enter into commercial agreements with each Funds Controller, and you will onboard with each other as well as by RTGS.global. As part of the onboarding process, you are assigned an account at the Funds Controller, which is mirrored as a Network Account on the RTGS.global Platform. Accounts are addressable so that payments can be made directly into them. You can make payments to your accounts at the Funds Controller, which will automatically be reflected in your Network Accounts on the RTGS.global Platform. Once funds have been deposited here, you can interact via the Platform to perform FX settlement and international payments.
Overview
RTGS.global matches participants with Funds Controllers for currency transactions. Participants establish commercial agreements and undergo onboarding with each Funds Controller and the platform. During this process, you are assigned an account at the Funds Controller, which is mirrored as a Network Account on the RTGS.global platform.
Network Accounts are addressable for direct payments. When funds are deposited at the Funds Controller, they automatically reflect on the corresponding Network Account, enabling FX settlement and international payment activities through the platform.
Process
- Initiate payment — Transfer funds into your Funds Controller account using external payment rails
- Funds Controller credit — The Funds Controller receives and processes the credit
- Network Account update — RTGS.global is notified via webhook and reflects the credit on your Network Account
- Confirmation — You receive a
camt.054credit notification via your platform connection